3D scanning technology showcasing commercial applications in healthcare and industry - Global Banking & Finance Review
An illustration of 3D scanning technology highlights its increasing use in various industries, particularly healthcare, where it aids in creating prosthetics and modeling body organs. This image represents the expanding 3D scanners market projected to reach US$ 10 Bn by 2030.
Top Stories

Overseas Expansion for SCSB

Published by Gbaf News

Posted on September 2, 2013

3 min read

· Last updated: November 19, 2018

Add as preferred source on Google

The Shanghai Commercial & Savings Bank (SCSB) has been active in its pursuit of overseas deployment in line with the globalization of the businesses of its corporate clients and to explore new markets and business opportunities. Upon establishing its first overseas branch in Hong Kong in 2008, SCSB established its Dong Nai Branch in Vietnam in 2011. Subsequently in 2012, its representative office in Bangkok, Thailand came into being and in the same year, SCSB Leasing (China) Co., Ltd. was established through a subsidiary of SCSB.

scsb

scsb

In 2013, SCSB has received approval by the Cambodia Central Bank to setup a representative office in Cambodia and apply for the license of a new branch in Singapore. Additionally, the Shanghai Commercial Bank (SCB), a subsidiary bank in which SCSB owns 57.6% of shares, is one of the most renowned banks in Hong Kong. Aside from operating 44 branches in Hong Kong, SCB also has branches in London, New York, San Francisco, and Los Angeles, along with branches in Shenzhen and Shanghai. SCSB together with SCB operates more than 120 branches worldwide, with service locations throughout Asia, Europe, and the America. SCSB adopts a prudent management approach towards its business, maintaining the principle of “asset safety, sufficient liquidity and capital adequacy”.
It continues to establish branches domestically and globally in countries where Taiwanese, Hong Kong and Chinese entrepreneurs conduct business with the goal of shaping the bank into a regional commercial bank in Asia to offer more comprehensive and convenient financial services.

SCSB Logo

SCSB Logo

The Shanghai Commercial & Savings Bank (SCSB) has been active in its pursuit of overseas deployment in line with the globalization of the businesses of its corporate clients and to explore new markets and business opportunities. Upon establishing its first overseas branch in Hong Kong in 2008, SCSB established its Dong Nai Branch in Vietnam in 2011. Subsequently in 2012, its representative office in Bangkok, Thailand came into being and in the same year, SCSB Leasing (China) Co., Ltd. was established through a subsidiary of SCSB.

scsb

scsb

In 2013, SCSB has received approval by the Cambodia Central Bank to setup a representative office in Cambodia and apply for the license of a new branch in Singapore. Additionally, the Shanghai Commercial Bank (SCB), a subsidiary bank in which SCSB owns 57.6% of shares, is one of the most renowned banks in Hong Kong. Aside from operating 44 branches in Hong Kong, SCB also has branches in London, New York, San Francisco, and Los Angeles, along with branches in Shenzhen and Shanghai. SCSB together with SCB operates more than 120 branches worldwide, with service locations throughout Asia, Europe, and the America. SCSB adopts a prudent management approach towards its business, maintaining the principle of “asset safety, sufficient liquidity and capital adequacy”.
It continues to establish branches domestically and globally in countries where Taiwanese, Hong Kong and Chinese entrepreneurs conduct business with the goal of shaping the bank into a regional commercial bank in Asia to offer more comprehensive and convenient financial services.

SCSB Logo

SCSB Logo

Key Takeaways

  • SCSB began overseas expansion in 2008 with its first branch in Hong Kong.
  • Between 2011‑2013, SCSB opened branches/offices in Vietnam, Thailand, Cambodia, and Singapore.
  • SCSB’s Hong Kong subsidiary SCB operates branches across Asia, Europe, and the U.S.
  • SCSB and SCB collectively manage over 120 branches worldwide.
  • SCSB maintains prudent management principles emphasizing asset safety, liquidity, and capital adequacy.

References

Frequently Asked Questions

When did SCSB first expand overseas?
SCSB established its first overseas branch in Hong Kong in 2008.
Which countries did SCSB expand into between 2011 and 2013?
Between 2011 and 2013, SCSB expanded into Vietnam (Dong Nai), Thailand (Bangkok rep office), Cambodia (rep office), and Singapore (branch license applied).
What’s the global reach of SCB, SCSB’s Hong Kong subsidiary?
SCB operates 44 branches in Hong Kong and branches in London, New York, San Francisco, Los Angeles, Shenzhen, and Shanghai.
How many branches do SCSB and SCB operate combined?
Together, SCSB and SCB operate more than 120 branches worldwide.
What management principles guide SCSB’s expansion?
SCSB emphasizes prudence, focusing on asset safety, sufficient liquidity, and capital adequacy.

Tags

Related Articles

More from Top Stories

Explore more articles in the Top Stories category